Active

1317 & 1321 CITIZENS BLVD

LEESBURG FL, 34748

$2,355,000


$168.24 per sqft

Active

13,998 sqft

Commercial

Built in 1978

Income 7.75% CAP Rate - 100% Leased with great long term tenants / rental history. 2 Buildings & one great opportunity! Buildings have separate addresses and property ID's, but parcels adjoin. Bldg #1317 is 6,052+/- SF on 1.44+/- Acre and entirely occupied by Lassiter Ware's corporate headquarters, a strong regional credit tenant with an excellent, long rental history. Bldg # 1321 is 7,946+/- SF on .84+/- Acre and is occupied by 4 tenants also with excellent rental history's. Both properties are very attractive inside and out with meticulous maintenance. Great parking for both sites with easy access, monument signage and high visibility. Sites sit on Citizens Blvd which is a short connector road between US Hwy 27 with 21,500 FDOT avg trips per day and US Hwy 441 with 30,500 FDOT avg trips per day. An NDA will be required for all financial data and leases. This is a great 1031 Opportunity. All information is believed accurate and correct but not guaranteed or warranted and subject to change without notice. Easy to shown by appointment only. Do not disturb tenants. Properties are located just over an hour to Orlando or Ocala and a short drive to The Villages, I-75, and Florida's Turnpike.

G5074864

MLS ID

October 26, 2023

Listed

October 10, 2024

Updated

Map

1317 & 1321 CITIZENS BLVD
LEESBURG FL, 34748

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Zoned


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

2.29 Acres


Lot Features

City Limits


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Area Name

34748 - Leesburg


Taxes

$8,959


Tax Frequency

Annually


Days on Market

295


Association Fee Frequency

Monthly


Garage

No


View

No


County

Lake


Municipality

19


Water Source

Public


Pool

No

Listing History

Date

Event

Price

6/11/2024

Active

5/2/2024

Pending

3/19/2024

Price change

$2,355,000

-9%

1/4/2024

Price change

$2,575,000

-6%

Listed by GRIZZARD COMMERCIAL REALESTATE
Listing Contact: 352-787-6966 

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Data last updated 10/10/2024, 3:13 AM UTC

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